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Intel Chief Believes Chips Are The New Oil – Joins TSMC Executive To Comment On Possible War In Taiwan


Intel Chief Believes Chips Are The New Oil – Joins TSMC Executive To Comment On Possible War In Taiwan
May 4, 2021 09:36 EDT
The Taiwan Semiconductor Manufacturing Company s (TSMC) chairman Dr. Mark Liu has commented on the possibility of armed conflict in Taiwan due to his company s strategic importance. TSMC is one of the three companies in the world that is capable of manufacturing semiconductors on advanced, leading-edge process nodes. However, access to this technology has been limited by the United States Department of Commerce to entities that act against American national security interests. These entities include China s Huawei Technologies Ltd. and others with links to the Chinese military. ....

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China Faces Debt Crisis as More State-owned Enterprises Default on Loans


China Faces Debt Crisis as More State-owned Enterprises Default on Loans
News Analysis
The debt crisis of China’s state-owned enterprises (SOEs) has been deepening since 2020. Beijing has recently issued a report to address the issue as several SOEs have defaulted on loans in recent months.
The State Council of China recently issued the report “The Guideline on Enhancing Debt Risk Control of Local State-owned Enterprises” on March 28. Beijing requires state-owned firms to create the following: a mechanism to identify and monitor debt; a mechanism to control debt; a mechanism to support the life cycle of a bond; and a long-term mechanism for debt risk management. ....

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